Construction
Construction
High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC
According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.
Oct 04, 2024
Construction
Wesgroup SVP Of Development Brad Jones On The Challenges With DCCs, REDMA
A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.
Construction
‘There’s Going To Be A Crisis’: New Condo Construction Is Heading Toward A Cliff
“This is not something where you can flick a switch and all of a sudden we have deliveries. We know that if we're not starting anything in ‘25, there are going to be no deliveries in ‘28.”
Construction
High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs: CMHC
The City of Vancouver is leading the region in rental housing starts, while condominium developments are moving out to suburbs like Burnaby and Surrey.
Newly Listed Townhome In Midtown Serves Laid-Back Luxury
Hugged by the Summerhill, Casa Loma, and Deer Park neighbourhoods, 75 Foxbar Road beautifully blends luxury with easy, laid-back living.
Construction
Gap Between Population Growth And GTA Housing Stock At 50-Year High
"This is a bright red warning light on the dashboard for all levels of government. Without bold steps, the housing crisis in the GTA is going to get far worse in the years ahead," says President and CEO of BILD David Wilkes.
Real Estate News
GTA Reaches New "Historical Low" With Fewer Than 500 New Home Sales In August
“August’s new home sales data paints a stark picture of a housing market that is struggling with deep structural issues that have made the cost to build too high," says BILD rep Justin Sherwood.
Construction
Canadian Housing Starts Drop 22% In August, Undo July Gains
The decline brings the seasonally adjusted total housing starts from July's 279,804 units down to 217,405.
Construction
Metro Vancouver Developers Link Arms, Take Aim At DCC Increases
Developers such as Wesgroup, Polygon, Anthem, Strand, and Edgar are pushing the Metro Vancouver Regional District to reconsider DCC increases.
Construction
New Edmonton Auto-Review System To Bring Same-Day Approval For Development Permits
Those applying to build a detached or semi-detached home in Edmonton, can have shovels in the ground that same day, thanks to a new automated review system.
Construction
"From Bad To Worse": Construction Productivity In Canada At 30-Year Low
Canada has a productivity problem, and according to head economists at TD, the construction sector is the main culprit.
Industry
HCRA Lays 124 Charges Against Toronto Homebuilder In Largest-Ever Investigation
“The charges include illegal building and selling, failure to enrol homes, failure to comply with conditions, and being a party to an offence.”
Construction
Construction Associations Push BC To Create Ministry Of Construction
The BCCA and VRCA published a joint press release this week with their proposal for a new Ministry of Construction.
Construction
BC Updates Building Code To Allow Single Egress Designs For Mid-Rise Buildings
The Province hinted that it was going to be making this change to the BC Building Code over the summer and has now officially moved forward with it.
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